Cost of living comparison
China is 5.6% cheaper than Iceland.
If you lived in China instead of Iceland, you would:
pay 77.2% less for restaurants
|
Iceland
|
China
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,434
|
$3.33
CN¥24.29
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,947
|
$5.25
CN¥38.30
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr316
|
$0.50
CN¥3.64
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr290
|
$0.30
CN¥2.22
|
|
pay 36.1% less for groceries
|
Iceland
|
China
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr467
|
$1.68
CN¥12.24
|
|
| Local cheese (8 oz) |
$5.98
kr816
|
$6.22
CN¥45.40
|
|
| Milk (1 gallon) |
$5.33
kr727
|
$7.41
CN¥54.08
|
|
|
Eggs
1 dozen
|
$5.66
kr772
|
$1.75
CN¥12.78
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr968
|
$1.80
CN¥13.10
|
|
| Apples (1 lb) |
$1.16
kr159
|
$0.88
CN¥6.43
|
|
| Bananas (1 lb) |
$0.98
kr134
|
$0.63
CN¥4.58
|
|
| Oranges (1 lb) |
$1.17
kr160
|
$0.74
CN¥5.39
|
|
| Tomatoes (1 lb) |
$1.84
kr251
|
$0.57
CN¥4.14
|
|
| Potatoes (1 lb) |
$0.96
kr131
|
$0.35
CN¥2.56
|
|
| Onions (1 lb) |
$0.51
kr70
|
$0.43
CN¥3.14
|
|
pay 56.4% less for transportation
|
Iceland
|
China
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,096
|
$4.64
CN¥33.85
|
|
| Monthly public transit pass |
$77.40
kr10,562
|
$21.41
CN¥156.22
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,071,534
|
$21,385.50
CN¥156,049.97
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,271
|
$4.14
CN¥30.23
|
|
pay 67.8% less for housing
|
Iceland
|
China
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,515
|
$14.28
CN¥104.17
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr196,112
|
$401.04
CN¥2,926.41
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr165,884
|
$247.64
CN¥1,807.01
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,365
|
$39.51
CN¥288.33
|
|
pay 4.0 times more for childcare
|
Iceland
|
China
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr35,390
|
$456.56
CN¥3,331.53
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr375,278
|
$16,918.49
CN¥123,454.25
|
|
pay 48.9% less for entertainment and sports
|
Iceland
|
China
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,163
|
$1.15
CN¥8.37
|
|
| Cappuccino in mid-range area |
$4.15
kr567
|
$3.48
CN¥25.42
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,451
|
$3.40
CN¥24.79
|
|
| Monthly membership at local gym |
$56.90
kr7,765
|
$42.27
CN¥308.46
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,675
|
$6.35
CN¥46.36
|
|
pay 48.5% less for clothing
|
Iceland
|
China
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,113
|
$51.26
CN¥374.07
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,876
|
$33.18
CN¥242.10
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,621
|
$80.69
CN¥588.81
|
|
| Men's business shoes (leather) |
$175.20
kr23,907
|
$76.44
CN¥557.77
|
|
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